If you are an employer in Jersey City, New Jersey, it is important to be aware of the local payroll tax requirements for businesses operating in the city. These requirements may include registering your business with the city and withholding a certain percentage of your employees' wages for local taxes.
How to Register for Payroll Tax in Jersey City
Jersey City, New Jersey Local Payroll Tax Setup for
Professional Corporation, LLP, LLC, Corporation
Employers must register with the Jersey City Division of Collection to pay a 1% tax on payroll related to services performed in the city or services performed outside of the city that are supervised from Jersey City. Note: The wages of Jersey City residents are exempt from this tax. Employers with a quarterly gross payroll of less than $2,500 are exempt from the tax. Nonprofits that are organized and operating exclusively for religious, educational, charitable, or hospital purposes, and government entities are exempt from the Jersey City Payroll Tax. However, nonprofits are subject to the tax on payroll expenses attributable to unrelated business taxable income received from Jersey City sources.
Fill out the Registration Form
Register your business with the Division of Collections.
Managing employee payroll is vital to running a successful business. While many tasks are associated with payroll management and compliance, they’re all based on which employee payroll schedules you choose.
Not all companies operate on the same payroll schedule. While most companies pay their employees biweekly, that is not your only option as an employer. The best payroll schedule for your company depends on many factors, including but not limited to the size of your business.
Although most employers are considered at-will, many laws are designed to protect employees from wrongful firing. As an employer, there will inevitably come a time when you need to let someone go, but it’s important to do so legally and for the right reasons.
Before terminating an employee, you must be aware of wrongful termination laws. Here’s what you should consider and how Mosey can help with state compliance.
The decision to terminate an employee isn’t something that most HR managers take lightly. An employee termination letter can make the process straightforward and informative for everyone involved. A letter gives the opportunity to explain legal and ethical reasons for ending your working relationship with an employee.
Here’s what HR managers should consider when drafting a termination letter and how Mosey can help you stay compliant with your state’s employee termination requirements.
Kaitlin Edwards |Aug 13, 2024
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